A South Korean shipping company is set to launch a shipping service via a new North Pole shipping route emerged as a result of the melting Arctic sea ice, Yonhap news agency quoted the Ministry of Oceans and Fisheries as saying Thursday.

The Arctic passage will cut the trip from the South Korea to northern European countries by up to 15 days, compared to 40 days when using the conventional shipping route through the Indian Ocean and the Suez Canal.

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